PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Gets Price Target Boost from Desjardins

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target raised by Desjardins from C$7.50 to C$8.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price objective would suggest a potential upside of 247.83% from the stock’s current price.

A number of other research firms have also recently issued reports on PRV.UN. Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their target price for the company from C$7.00 to C$7.50 in a research note on Friday, August 14th. TD raised their price target on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Raymond James Financial cut their price objective on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a report on Friday, August 14th. Finally, Royal Bank Of Canada boosted their price objective on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.67.

PRO Real Estate Investment Trust Price Performance

Shares of PRV.UN traded up C$0.01 during trading hours on Friday, reaching C$2.30. The stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45. The firm has a 50-day moving average of C$2.30 and a 200 day moving average of C$2.30.

About PRO Real Estate Investment Trust

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in 2013, PROREIT is mainly focused on strong secondary markets in Quebec, Atlantic Canada and Ontario, with selective exposure in Western Canada.